CenterPoint Energy implements independent board leadership and governance structure
2021-07-22T05:00:00Z

Houston – July 22, 2021 – CenterPoint Energy, Inc. (NYSE: CNP) ("CenterPoint" or the "Company") today announced the unanimous decision of the CenterPoint Board's Independent Directors to implement a new independent board leadership and governance structure. The Board named Martin Nesbitt, chair of the Nominating and Governance Committee, as its new independent board chairman, effective immediately.

  • Martin Nesbitt appointed as Independent Chairman of the Board, effective immediately
  • Independent directors eliminate Executive Chairman role
  • Milton Carroll to depart from Executive Chairman position, effective immediately, and from the Board on September 30 
  • Independent directors implement a multi-year retention arrangement for President and CEO Dave Lesar

To institute the Company's new governance structure, this independent seat replaces the position of Executive Chairman. This position has been eliminated by the independent directors of the board, effective immediately. In connection with these decisions by the independent directors, Milton Carroll departs from the Executive Chairman position and as an employee of the Company, effective immediately, and from the Board as a director, effective September 30 of this year, each substantially in advance of Mr. Carroll's current mandatory retirement date in 2023.

CenterPoint's Board, based on extensive feedback from shareholders and evaluation of evolving governance practices, determined that now is the right time to execute this significant leadership and governance transition as the company continues to advance its well-received strategic plan to drive sustainable value for the benefit of all its stakeholders. In connection with today's leadership and governance transition, the Company entered into a multi-year retention grant arrangement with President and CEO Dave Lesar to retain his continued leadership, and to provide executive management continuity, drive successful execution of CenterPoint's value-creation strategy, and provide executive leadership succession planning. The arrangements entered into with Mr. Carroll and Mr. Lesar will be publicly filed on Form 8-K.

Mr. Nesbitt said, "CenterPoint is a backbone of economic vitality and reliable energy delivery for the communities we serve, and CenterPoint's importance is a central part of Milton Carroll's legacy. As we continue to seize opportunities ahead of us, I believe that our unique value proposition will be further strengthened by CenterPoint's commitment to strong corporate governance, including through the leadership and governance transition we announce today. I am honored to have been selected to lead CenterPoint as independent Chairman of the Board and on behalf of the Board, we express our deepest gratitude and respect for Milton, who has served CenterPoint and its stakeholders tirelessly for nearly 30 years. Milton has been a steady source of inspiration, leadership and guidance to all who have known him, and his stewardship and commitment to CenterPoint's success have been unmatched. Milton was instrumental in the creation of CenterPoint, provided initial board leadership and with the help of many others, navigated CenterPoint through the difficult transition of the early days of the deregulation of the Texas electrical market. He then helped lead the company to where it is today – stronger than ever, with a market capitalization near its historic high. I look forward to continuing to work closely with our incredible CEO Dave Lesar, who has demonstrated tremendous energy and accomplishment since he became CEO only a year ago."

Mr. Carroll said, "In the nearly 30 years since I joined CenterPoint's Board in 1992 and during my time as Executive Chairman of the Board, CenterPoint has successfully navigated industry, energy and regulatory challenges, business transitions and changes in our nation and communities. Thanks to our great CenterPoint team, we are an indelible part of the fabric and history of Texas and the other territories we serve. I am excited to see how CenterPoint continues to evolve under the leadership of Marty and Dave and reach even greater heights of potential and promise. It has been an honor to serve as Chairman and then Executive Chairman alongside my fellow directors."

Mr. Lesar said, "We have been on a very focused mission over the past year to unlock the untapped power and potential within this company, its premium regulated utilities and its exceptional talent. Milton has been a critical partner throughout this journey, and with our utility-focused strategy, we are now taking advantage of the robust capital investment opportunities available to us and are firmly on the path to exit our midstream investments and progress our renewable energy growth objectives. I believe the best is yet to come, and I couldn't be more excited to continue my commitment to CenterPoint's future success and the development of its next phase of leadership over the coming years. On behalf of myself and all our employees, I am deeply grateful to Milton for laying CenterPoint's strong foundation and positioning the company so well for this new era. I am excited for our future and look forward to discussing our second quarter results."

About Marty Nesbitt

Martin H. Nesbitt has been a director since April 2018 and will now serve as the independent Chairman of CenterPoint's Board. Since 2013, he has served as Co-Chief Executive Officer of The Vistria Group, LLC, a Chicago-based investment firm focused on the education, healthcare and financial services industries. Prior to co-founding Vistria, Mr. Nesbitt served as Chief Executive Officer of PRG Parking Management (known as The Parking Spot), an owner and operator of off-airport parking facilities, from 1996 to 2012. Prior to The Parking Spot, Mr. Nesbitt also served as officer of the Pritzker Realty Group, L.P. and as Vice President and Investment Manager at LaSalle Partners, with a variety of responsibilities including investment management for regional retail properties. Mr. Nesbitt has served on the Boards of Directors of American Airlines Group, Inc. since 2015 and Chewy, Inc. since 2020. He also previously served on the Board of Directors of Jones Lang LaSalle.  He is a Trustee of Chicago's Museum of Contemporary Art and serves as Chairman of the Barack Obama Foundation. He previously served as a director of Norfolk Southern Corporation from 2013 to May 2019.

About CenterPoint Energy, Inc.

As the only investor-owned electric and gas utility based in Texas, CenterPoint Energy, Inc. (NYSE: CNP) is an energy delivery company with electric transmission and distribution, power generation and natural gas distribution operations that serve more than 7 million metered customers in Arkansas, Indiana, Louisiana, Minnesota, Mississippi, Ohio, Oklahoma and Texas. As of March 31, 2021, the company owned approximately $36 billion in assets and also owned 53.7 percent of the common units representing limited partner interests in Enable Midstream Partners, LP, a publicly traded master limited partnership that owns, operates and develops strategically located natural gas and crude oil infrastructure assets. With approximately 9,500 employees, CenterPoint Energy and its predecessor companies have been in business for more than 150 years. For more information, visit CenterPointEnergy.com.

Forward Looking Statement
This news release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this news release, the words "continue," "could," "expect," "intend," "may," "plan," "potential," "should," "will" or other similar words are intended to identify forward-looking statements. These forward-looking statements are based upon assumptions of management which are believed to be reasonable at the time made and are subject to significant risks and uncertainties. Actual events and results may differ materially from those expressed or implied by these forward-looking statements. Any statements in this news release regarding future events, such as executive management continuity and succession planning, the benefits of leadership and governance transitions, corporate governance commitments, strategic plans and value creation, capital investments, business opportunities, future financial performance and results of operations, expectations regarding our midstream investments and renewable energy growth objectives, and any other statements that are not historical facts are forward-looking statements. Each forward-looking statement contained in this news release speaks only as of the date of this release. Important factors that could cause actual results to differ materially from those indicated by the provided forward-looking information include risks and uncertainties relating to: (1) the impact of COVID-19; (2) financial market conditions; (3) general economic conditions; (4) the timing and impact of future regulatory and legislative decisions; (5) effects of competition; (6) weather variations; (7) changes in business plans; and (8) other factors, risks and uncertainties discussed in CenterPoint Energy's Annual Report on Form 10-K for the fiscal year ended December 31, 2020, CenterPoint Energy's Quarterly Report on Form 10-Q for the quarter ended March 31, 2021 and other reports CenterPoint Energy or its subsidiaries may file from time to time with the Securities and Exchange Commission.

 

 Recent News

 

 
CenterPoint Energy Launches “Hurricane Safety and Preparedness Week” to Highlight Importance of Emergency Preparedness

Week-long safety and preparedness effort will highlight increased training efforts, enhanced weather detection abilities, regular communication with government officials and resources available for customers 

 Join the over 90% of CenterPoint customers who are enrolled in Power Alert Service® to stay informed and learn of outages and other vital information during emergencies

HOUSTON — August 18, 2026 — Today, CenterPoint Energy launched its “Hurricane Safety and Preparedness Week" to emphasize the importance of staying prepared throughout the next two months when hurricanes and storms are more likely. As part of this safety campaign, CenterPoint will highlight its ongoing preparedness efforts, including the historic action it has taken to strengthen grid resiliency year-round and minimize outages for its customers. Just as CenterPoint prepares for peak hurricane season, customers are encouraged to prepare too.

“Preparing for hurricanes and severe weather is a year-round priority for all of us at CenterPoint, and with peak hurricane season underway, we are determined to remain ready to support our customers throughout the coming months. We remain laser focused on minimizing the impact of extreme weather on our customers and keeping them informed before, during and after any storms," said Ed De Varona, Senior Vice President of CenterPoint Energy's Electric Business.

Starting today, CenterPoint's “Hurricane Safety and Preparedness Week" campaign will include multiple communications, including social media posts and an email to customers and stakeholders to raise awareness of the actions CenterPoint is taking to stay ready to respond to storms, and how customers can stay safe and prepared at home.

CenterPoint Energy's Hurricane Preparedness Key Actions
CenterPoint Energy has taken extensive steps to prepare for hurricane season and best serve customers across the Greater Houston area, including:

  • Expansive Emergency Training: Completed 25,000+ hours of important FEMA preparedness and response trainings across 800+ employees to maintain readiness.
  • Increased Mutual Aid Resources: Increased the number of frontline workers available to support storm response efforts by up to 20 times the normal workforce, to help restore customers as quickly and safely as possible.
  • Better Damage Assessment Model: Improved the damage assessment process to help identify damage to the grid faster and accelerate power restoration efforts.
  • Stronger Weather Detection: Installed 150 weather stations to improve situational awareness and storm preparedness.
  • New Emergency Operations Center (EOC): Opened a state-of-the-art EOC in accordance with FEMA standards to ensure effective coordination and response with emergency partners and faster restorations for customers.
  • Coordinating with government officials: Providing regular updates to federal, state, county and city officials regarding preparedness activities.
  • Communicating proactively with customers: Providing safety and preparedness information to customers via email, phone and text, across social media platforms and other channels to keep customers informed and prepared.

Actions Customers Can Take to Prepare and Get Up-To-Date Information

  • Sign Up for Power Alert Service® to stay informed, learn of outages and other vital information during emergencies. Customers will receive important updates about gas and electric service via phone call, text or email, including outage details and estimated restoration times.
  • Create a Safety Plan: CenterPoint Energy urges customers to put their safety first and prepare in advance for hurricanes by having a safety plan ready, especially for those who require electricity for life-sustaining equipment or medical needs.
  • Stay Up to Date on Local Outages with CenterPoint Energy's cloud-based Outage Tracker, available in English and Spanish, which shows outages and restoration times by county, city and zip code.
  • Visit CenterPointEnergy.com/ActionCenter for additional preparedness and safety resources.

About CenterPoint Energy, Inc.
As the only investor owned electric and gas utility based in Texas, CenterPoint Energy, Inc. (NYSE: CNP) is an energy delivery company with electric transmission and distribution, power generation and natural gas distribution operations that serve more than 7 million metered customers in Indiana, Minnesota, Ohio and Texas. As of June 30, 2026, the company owned approximately $48.3 billion in assets. With approximately 8,800 employees, CenterPoint Energy and its predecessor companies have been in business for more than 150 years. For more information, visit CenterPointEnergy.com

CenterPoint Energy Foundation Donates $25,000 to Hamilton County Community Foundation to Aid Flood Recovery Efforts

Donation supports long-term recovery for Hoosier families in Hamilton County

INDIANAPOLIS – Aug. 18, 2026 – To help support families and individuals impacted by the recent flooding in central Indiana, the CenterPoint Energy Foundation announced a $25,000 donation to the Hamilton County Community Foundation's Flood Relief Fund.

“All of us at CenterPoint Energy are committed to supporting the Hoosier families and communities we're privileged to serve, and we are proud to help the Hamilton County Community Foundation in their recovery efforts," said Mike Roeder, President of CenterPoint Energy Indiana.

Hamilton County Community Foundation established the Flood Relief Fund to support long-term recovery for residents in Hamilton County, where CenterPoint delivers natural gas service to Hoosier customers. According to the organization, 100% of every gift to the fund will be used to aid local residents and families with long-term recovery. The CenterPoint Energy Foundation's contribution is  funded by CenterPoint Energy shareholders and its giving has no impact on customer rates.

How to help, and how to find help
Donations can be made at hamiltoncountycf.org/donate/.

Hoosiers who need assistance can call 211, a statewide resource that helps connect individuals and families with essential community services, including housing, food, utility assistance and health care.

CenterPoint Energy Foundation donates $10,000 to Heart of Indiana United Way to aid flood recovery efforts

​Donation supports long-term recovery for Hoosier families across Delaware, Fayette, Henry, Madison and Randolph counties

INDIANAPOLIS – Aug. 14, 2026 – To help support families and individuals impacted by the recent flooding that brought more than 11 inches of rain to east central Indiana, the CenterPoint Energy Foundation announced a $10,000 donation to the Heart of Indiana United Way's Flood Recovery Fund. CenterPoint has maintained a strong on-going relationship with Heart of Indiana United Way for more than 15 years.

“All of us at CenterPoint Energy are committed to supporting our Hoosier families and communities we serve, and we are proud to help the Heart of Indiana United Way in their recovery efforts," said Mike Roeder, President of CenterPoint Energy Indiana.

Heart of Indiana United Way established the Flood Recovery Fund to support long-term recovery for residents of Delaware, Fayette, Henry, Madison and Randolph counties, communities where CenterPoint delivers natural gas service to Hoosier customers. According to the organization, 100% of every gift to the fund will be used to aid local residents and families with long-term recovery. The assistance is also funded by CenterPoint Energy shareholders and its giving has no impact on customer rates.

How to help, and how to find help
Donations can be made at fundraise.givesmart.com/f/4p2t/n. Heart of Indiana United Way serves Delaware, Fayette, Henry, Madison and Randolph counties.

Hoosiers who need assistance can call 211, a statewide resource that helps connect individuals and families with essential community services, including housing, food, utility assistance and health care.

National 811 Day: CenterPoint Energy Reminds Nearly Two Million Texas Customers to Always Contact 811 Before Any Digging Projects

​​The free 811 national service is an essential safety step to help keep customers, workers, businesses safe and prevent damage to underground natural gas and electric lines 

HOUSTON – Aug. 11, 2026 – Today, on National 811 Day, CenterPoint Energy is reminding its approximately two million customers in Texas to always contact 811 a few business days before starting any outdoor digging project, big or small. Contacting the 811 national service is free, and is an essential safety step customers, businesses and contractors can – and must - take to prevent service interruptions and avoid potentially life-threatening damage to underground utility lines. In 2026 so far, approximately 3,500 damages have been caused to CenterPoint natural gas lines because digging occurred without underground utility lines being located and marked.

“Contacting 811 is about your safety, and the safety of the community. Whether you're planting a tree, building a fence or taking on another outdoor project, starting with 811 is one of the simplest steps you can take to keep your family, home, and neighbors safe. It is a free service and takes just a few minutes to request that underground utility lines are located and marked. Please always remember, before every digging project, know what's below and contact 811," said Vince Gaeto, Senior Vice President, Natural Gas Business at CenterPoint.

National 811 Day: Simple safety steps

Safe digging practices are essential and help prevent damage to underground natural gas, electric, communications, water and sewer lines and are required by state law. Digging without knowing the approximate location of underground utilities can result in serious injury, as well as service disruptions, fines and costly repairs. 

To prevent damage and stay safe, CenterPoint urges everyone to:

  • Plan ahead and call 811 or visit Texas811.org a few business days before starting work.
  • Confirm all utility lines are marked before beginning work.
  • Adjust project locations, as needed, to maintain a safe distance from utility lines.
  • Confirm hired contractors have contacted 811 before their work.
  • Complete digging within the timeframe required by state law. If work cannot be completed in that time, contact 811 again before continuing.  

Important Safety Reminder: Planting the right tree in the right place
In addition to urging customers to contact 811 before digging, CenterPoint Energy also requests that residents look up before planting a tree to ensure they are planted a safe distance from power lines. Residents can use this guide to learn more about safe planting distances based on the estimated mature height of the tree. Finally, CenterPoint Energy reminds residents to never attempt to trim trees near power lines and to call its forestry team at 800-332-7143 to request an inspection.

What to do if a natural gas line is struck
If a natural gas line is struck outside of a home or business, customers should:

  • Leave the area immediately on foot. Do not attempt to restart or move powered equipment or use your mobile device or any other item that could cause a spark.
  • Go to a safe location, then call 911 and CenterPoint.
  • Remain in a safe area until directed by emergency personnel to do otherwise.
  • Leave all repairs to a trained technician. 

Visit 811BeforeYouDig.com for more information about 811. To learn more about natural gas safety, visit CenterPointEnergy.com/Safety.   

Soundbites on the importance of 811 Day, along with b-roll footage and photos of CenterPoint employees marking underground utilities, can be found here: CNP Digital Asset Mgmt

About CenterPoint Energy, Inc.
 As the only investor owned electric and gas utility based in Texas, CenterPoint Energy, Inc. (NYSE: CNP) is an energy delivery company with electric transmission and distribution, power generation and natural gas distribution operations that serve more than 7 million metered customers in Indiana, Minnesota, Ohio and Texas. As of June 30, 2026, the company owned approximately $48.3 billion in assets. With approximately 8,800 employees, CenterPoint Energy and its predecessor companies have been in business for more than 150 years. For more information, visit CenterPointEnergy.com

National 811 Day: CenterPoint Energy Reminds Nearly 950,000 Minnesota Natural Gas Customers to Always Contact 811 Before Any Digging Projects

​The free 811 national service is an essential safety step to help keep customers, workers, businesses safe and prevent damage to underground natural gas and electric lines 

MINNEAPOLIS – Aug. 11, 2026 – Today, on National 811 Day, CenterPoint Energy is reminding its approximately 950,000 natural gas customers in Minnesota to always contact 811 a few business days before starting any outdoor digging project, big or small. Contacting the 811 national service is free, and is an essential safety step customers, businesses and contractors can – and must - take to prevent service interruptions and avoid potentially life-threatening damage to underground utility lines. In 2026 so far, approximately 3,500 damages have been caused to CenterPoint natural gas lines because digging occurred without underground utility lines being located and marked.

“Contacting 811 is about your safety, and the safety of the community. Whether you're planting a tree, building a fence or taking on another outdoor project, starting with 811 is one of the simplest steps you can take to keep your family, home, and neighbors safe. It is a free service and takes just a few minutes to request that underground utility lines are located and marked. Please always remember, before every digging project, know what's below and contact 811," said Vince Gaeto, Senior Vice President, Natural Gas Business at CenterPoint.

National 811 Day: Simple safety steps

Safe digging practices are essential and help prevent damage to underground natural gas, electric, communications, water and sewer lines and are required by state law. Digging without knowing the approximate location of underground utilities can result in serious injury, as well as service disruptions, fines and costly repairs.

To prevent damage and stay safe, CenterPoint urges everyone to:

  • Plan ahead and call 811 or visit GopherStateOneCall.org a few business days before starting work.
  • Confirm all utility lines are marked before beginning work.
  • Adjust project locations, as needed, to maintain a safe distance from utility lines.
  • Confirm hired contractors have contacted 811 before their work.
  • Complete digging within the timeframe required by state law. If work cannot be completed in that time, contact 811 again before continuing.  

What to do if a natural gas line is struck
If a natural gas line is struck outside of a home or business, customers should:

  • Leave the area immediately on foot. Do not attempt to restart or move powered equipment or use your mobile device or any other item that could cause a spark.
  • Go to a safe location, then call 911 and CenterPoint.
  • Remain in a safe area until directed by emergency personnel to do otherwise.
  • Leave all repairs to a trained technician. ​

Visit 811BeforeYouDig.com for more information about 811. To learn more about natural gas safety, visit CenterPointEnergy.com/Safety.   

Soundbites on the importance of 811 Day, along with b-roll footage and photos of CenterPoint employees marking underground utilities, can be found here: CNP Digital Asset Mgmt

About CenterPoint Energy, Inc.
As the only investor owned electric and gas utility based in Texas, CenterPoint Energy, Inc. (NYSE: CNP) is an energy delivery company with electric transmission and distribution, power generation and natural gas distribution operations that serve more than 7 million metered customers in Indiana, Minnesota, Ohio and Texas. As of June 30, 2026, the company owned approximately $48.3 billion in assets. With approximately 8,800 employees, CenterPoint Energy and its predecessor companies have been in business for more than 150 years. For more information, visit CenterPointEnergy.com​